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B2.1bn in land seized in nominee bust

Bangkok Post Public Company Limited· ·2 min read · 0 reactions · 0 comments · 16 views
B2.1bn in land seized in nominee bust
TL;DR · WeSearch summary

Thai interior and commerce ministries seized 126 rai of land valued at over 2.1 billion baht in Krabi after uncovering an alleged foreign nominee scheme. The scheme involved a British national who created three companies using Thai nominee shareholders, achieving near‑total control of Gulval Properties through circular cross‑shareholdings. The seized land is frozen pending legal proceedings while police expand the investigation into possible foreign funding and state employee involvement.

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Bangkok Post · Bangkok Post Public Company Limited
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Original publisherBangkok Post
Canonical URLhttps://www.bangkokpost.com/thailand/general/3291810/b21bn-in-land-seized-in-nominee-bust
Publication timeSun, 26 Jul 2026 06:33:00 +0700
Retrieval time2026-07-26T00:07:36.338Z
Last seen2026-07-26T00:07:36.338Z
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Ranking reasonStory pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking.
Publisher visitYes — open original
Substitutes article?No — link-out required for full text

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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

Thailand General B2.1bn in land seized in nominee bust PUBLISHED : 26 Jul 2026 at 06:33 NEWSPAPER SECTION: News WRITER: Achadthaya Chuenniran Small Medium Large Deputy Interior Minister Polapee Suwunchwee addresses the media during a joint operation by the Interior and Commerce ministries and police to crack down on nominee businesses in Krabi on Saturday. Ministry of Commerce The Interior Ministry has seized 126 rai of land worth more than 2.1 billion baht in Krabi after uncovering an alleged foreign nominee scheme involving a British national.Deputy Interior Minister Polapee Suwunchwee said on Saturday the operation was conducted on Friday in Koh Lanta district, saying the land seizure followed an investigation into suspected illegal foreign ownership through Thai nominee shareholders.

Excerpt limited to ~120 words for fair-use compliance. The full article is at Bangkok Post.

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